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Angela, a business executive who lives and works in Cleveland, accepts a temporary out-of-town assignment in Atlanta for a period of ten months. Angela leaves
Angela, a business executive who lives and works in Cleveland, accepts a temporary out-of-town assignment in Atlanta for a period of ten months. Angela leaves her husband and children in Cleveland and rents an apartment in Atlanta during the ten-month period. Angela incurs the following expenses, none of which are reimbursed by her employer EEB (Click the icon to view the expenses.) Read the Requirement a. Which of the expenditures listed above (if any) are deductible by Angela (before any limitations are applied)? First, designate which of the expenditures are potentially deductible Deductible Deductible Deductible Deductible, subject to 50% limitation Airfare to and from Atlanta Airfare for weekend trips to vist her family Apartment rent Meals in Atlanta Entertainment of customers Deductible, subject to 50% limitation Now calculate the amount of the deduction for the expenditures before any nondeductible floor limitations are applied The amount of the deduction for the expenditures, before any nondeductible floor limitations are applied, is $ Requirement b. Are each of these expenditures classified as for AGI or from AGI deductions? Airfare to and from Atlanta Airfare for weekend trips to vist her family Apartment rent Meals in Atlanta Entertainment of customers
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